Pop Quiz: Federal Bike Investigation

4.1% of the roughly 7,000,000 thefts reported every year by the FBI are bicycle thefts. However, this may not tell the full story, given that the National Bike Registry believes that only about one-third of all bicycle thefts are reported to the FBI. Under that scenario, the number of bike thefts every year would be well over one million. Given that the average value of a stolen bicycle is $318, that's a lot of lost money. And for anyone that has had their bike stolen, it's more than a blow to the wallet: it's demoralizing to have one's beloved bicycle stolen!